N.J.S.A. 40A:2-9

Interim obligations

40A:2-9. Interim obligations After the sale of obligations, and pending the preparation of the definitive obligations, a local unit may issue interim obligations to the purchasers of such obligations. The definitive obligations, when prepared, may be delivered to the holders of such interim obligations in exchange therefor. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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This is the verbatim text of N.J.S.A. 40A:2-9, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 40A:2-9 — Interim obligations | Kyzer